98.35 +0.01 (0.01%)
After hours: 4:12PM EDT
|Bid||98.34 x 1000|
|Ask||98.35 x 24500|
|Day's Range||97.26 - 98.72|
|52 Week Range||76.05 - 106.50|
|PE Ratio (TTM)||28.23|
|Earnings Date||Apr 24, 2018|
|Forward Dividend & Yield||1.60 (1.66%)|
|1y Target Est||114.30|
JPMorgan Chase (JPM) paid $6.7 billion to its shareholders in the form of dividends and repurchases in 1Q18, with repurchases seeing 65% YoY (year-over-year) growth and dividends rising 12% in the same period. In terms of its stock, the bank has increased its buyback amount by 29% to 41.4 million shares. Because tax cuts allow banks (XLF) to generate higher operating flows, repurchases are expected to remain upbeat in the upcoming quarters.
Stocks opened slightly higher on Wednesday as investors begin to reap some rewards from the start of first quarter earnings season. First-quarter earnings season has already helped some stocks kick back into high gear, including streaming giant Netflix, Inc. (NASDAQ:NFLX).
Discover Financial Services (DFS) saw favorable momentum in its business in fiscal 2017 and in 4Q17. According to the company’s management, the momentum would also be visible in 2018, which could help the company in terms of return on equity (or ROE) as well as growth. Wall Street analysts gave a high estimate of $2.02 and a low estimate of $1.65 on Discover’s earnings per share (or EPS) for 1Q18.
Stocks opened slightly higher on Wednesday as investors begin to reap some rewards from the start of first quarter earnings season. Despite this recent market momentum, uncertainty is still present, which means investors need to continue to utilize Q1 earnings season in order to look for stocks set to top earnings estimates.
Mastercard (MA) is being covered by 37 analysts in April 2018, two of whom have suggested “holds” and 19 of whom have suggested “buys” on the stock. The company has received “strong buy” ratings from 16 analysts. Last month, MA was covered by 38 analysts, 18 of whom suggested “strong buys” and two of whom suggested “holds.” Another 18 analysts recommended “buys” on the stock in the month.
Amazon (AMZN) is exploring the creation of a credit card product for business customers, according to Bloomberg. Creating a credit card product for corporate shoppers could expand Amazon’s campaign for business supplies budgets. Last summer, Amazon launched a Prime membership program for businesses, allowing businesses that shop for supplies on its platform to have their orders delivered free of charge within two days.
While some companies have downplayed diversity programs, Capital One is taking them "very seriously."
Today community banks and regional banks are more like utility stocks, with steady earnings growth and fairly low valuations that have been rising all year from very low levels.
Amazon (AMZN) is exploring launching a banking service that would appeal to young people and those without traditional bank accounts, according to recent reports by The Wall Street Journal and Bloomberg. The reports about Amazon venturing into the banking business, most likely with a checking account product, came a few months after Amazon, JPMorgan Chase (JPM), and Berkshire Hathaway (BRK.A) (BRK.B) announced that they were teaming up on a healthcare insurance program for their employees.
CAUTIOUS OPTIMISM CONTINUES Small business owners are very optimistic, but that isn't motivating them to sharply increase their hiring. That's the finding of a survey released last week by financial services ...
The move follows internal restructuring of Amazon Pay and Alexa teams, which could allow customers to pay for gas from Alexa-enabled cars or use the voice assistant during shopping trips to Whole Foods Market. The move would put Amazon in competition with companies including PayPal Holdings Inc., which owns popular person-to-person payment platform Venmo.
Citi initiated coverage of four U.S. credit card companies Thursday, two of which were given bullish ratings and two given neutral ratings. The Analyst Citi's Jill Shea initiated coverage of the following ...
MCLEAN, Va., April 5, 2018 /PRNewswire/ -- Small business owners remain optimistic about current and future business conditions despite having uncertainty around the impact of the Tax Cuts and Job Act that was signed into law in late 2017. Capital One's (COF) latest Small Business Growth Index, a biannual survey of 500 small business owners (SBOs), found that 52 percent of businesses expect to pay the same or more in taxes and only 36 percent believe their taxes will decrease in 2018. "Small business confidence continues to rise with more than half of small business owners expecting a profitable 2018," shared Celia Edwards Karam, head of small business banking at Capital One.
The Tysons-based banking giant has filed plans to build out three floors as a coffee shop, conference center and lounge.
Amazon is reportedly in talks with JPMorgan Chase and Capital One Financial to create a checking-account-like product intended to attract teenagers that don't have credit or debit cards.
The CEO and founder does not take an annual cash salary, but is instead compensated with equity and other performance incentives.
Investors in Capital One Financial (COF) need to pay close attention to the stock based on moves in the options market lately.
MCLEAN, Va., March 20, 2018 /PRNewswire/ -- On Tuesday, April 24, 2018, at approximately 4:05 p.m. Eastern Time, Capital One Financial Corporation (COF) will release its First Quarter 2018 earnings results. The call will be webcast live and the earnings release will be available on the company's homepage at www.capitalone.com. Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $243.7 billion in deposits and $365.7 billion in total assets as of December 31, 2017.
If it’s true that Amazon.com (AMZN) is gearing up to launch a checking-account-like product, as has been reported recently, the company could be trying to tell PayPal (PYPL) to watch this space closely. Amazon and PayPal have each written roughly $3.0 billion in loans to their customers.